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Canada's Ambitious New Plan To Save Its Oil Sands

Canada's Ambitious New Plan To Save Its Oil Sands

Canada is looking to harness…

Could Greenflation Derail The Commodity Supercycle?

Could Greenflation Derail The Commodity Supercycle?

The global energy transition is…

Germany Urges Congress Not To Sanction Nord Stream 2

Germany Urges Congress Not To Sanction Nord Stream 2

Germany has reportedly urged the…

News

India Looks To Create Strategic Coal And Gas Reserves

India Looks To Create Strategic Coal And Gas Reserves

Oct 21, 2021 at 13:04 | Tsvetana Paraskova

One of the world’s largest energy consumers and importers, India, is weighing the possibility of keeping strategic reserves of imported coal and natural gas in order to fend off future…

LNG Tanker Rates Surge As Global Natural Gas Prices Soar

LNG Tanker Rates Surge As Global Natural Gas Prices Soar

Oct 21, 2021 at 11:28 | Charles Kennedy

Soaring prices and demand for liquefied natural gas (LNG) in Asia have pushed spot LNG freight rates to over $200,000 per day as traders scramble to book vessels to ship…

Doc Leak Reveals Countries Lobby For Milder Climate Commitments

Doc Leak Reveals Countries Lobby For Milder Climate Commitments

Oct 21, 2021 at 10:14 | Charles Kennedy

A massive document leak has revealed efforts by Saudi Arabia, Japan, and Australia, among others, were lobbying the United Nations to downplay the urgency of the energy transition as presented…

Libya Enjoys Windfall From Oil Price Rally

Libya Enjoys Windfall From Oil Price Rally

Oct 21, 2021 at 08:57 | Irina Slav

Libya's National Oil Corporation has reported monthly revenues of $1.796 billion for September from oil and related product sales. The amount is a record for the company, the result…

Baker Hughes Profit Disappoints Amid Cost Inflation, Supply Chain Woes

Baker Hughes Profit Disappoints Amid Cost Inflation, Supply Chain Woes

Oct 20, 2021 at 17:20 | Charles Kennedy

One of the largest oilfield services providers, Baker Hughes (NYSE: BKR), reported on Wednesday adjusted net income and revenues for Q3 below analyst expectations as supply chain constraints and…

Saudis: More Oil From OPEC+ Can’t Solve Global Natural Gas Crisis

Saudis: More Oil From OPEC+ Can’t Solve Global Natural Gas Crisis

Oct 20, 2021 at 15:34 | Tsvetana Paraskova

Even if OPEC+ were to boost oil supply to the market, as major consuming nations have called for, it wouldn’t have much difference on the global natural gas market, Saudi…

After The Bell: Tesla Expected Booming Revenue For Q3

After The Bell: Tesla Expected Booming Revenue For Q3

Oct 20, 2021 at 14:33 | Julianne Geiger

Chip shortage or not, it looks like Tesla’s Q3 results are going to be quite impressive despite some supply chain issues that are pervasive in the market. Tesla (NASDAQ: TSLA)…

Kazakhstan Is Pulling The Plug On Crypto Miners Amid Power Shortages

Kazakhstan Is Pulling The Plug On Crypto Miners Amid Power Shortages

Oct 20, 2021 at 11:18 | Eurasianet

Kazakhstan’s national grid operator has begun rationing electricity to the country’s biggest consumers, likely targeting cryptocurrency mining farms. Facing a sudden energy shortage, officials must be regretting their…

Is The U.S. National Power Grid Ready For Electric Vehicles?

Is The U.S. National Power Grid Ready For Electric Vehicles?

Oct 20, 2021 at 10:27 | ZeroHedge

While electric vehicles are undoubtedly the future, the question of whether or not our power grid is also ready for the "future" has started to surface. Especially in places like New York.…

Oil Refining Margins Bounce Back To Pre-Crisis Levels

Oil Refining Margins Bounce Back To Pre-Crisis Levels

Oct 20, 2021 at 09:17 | Tsvetana Paraskova

Recovering fuel demand and additional demand for oil products amid record-high coal and natural gas prices have pushed up global oil refining margins to their pre-pandemic levels.   For the…

India's Private, State Refiners To Partner On Oil Imports

India's Private, State Refiners To Partner On Oil Imports

Oct 20, 2021 at 08:57 | Charles Kennedy

India's state-owned and private refiners are set to collaborate on their crude oil imports to secure better contract terms, Reuters has reported, noting that the idea comes from the…

Draws In Product Inventories Offset Rising Crude Stocks

Draws In Product Inventories Offset Rising Crude Stocks

Oct 19, 2021 at 15:52 | Julianne Geiger

The American Petroleum Institute (API) on Tuesday reported its fourth straight week of crude oil inventory builds. The week, according to the API, the build was 3.294 million barrels-strong. U.S.…

Russia Hints Extra Gas Supply To Europe Hinges On Nord Stream 2 Approval

Russia Hints Extra Gas Supply To Europe Hinges On Nord Stream 2 Approval

Oct 19, 2021 at 14:58 | Tsvetana Paraskova

Russia’s gas giant Gazprom is in no hurry to supply additional volumes to alleviate Europe’s gas crisis, unless the European Union (EU) and Germany grant operational license to the controversial…

Coal Prices Hit New Record In China As Energy Crunch Intensifies

Coal Prices Hit New Record In China As Energy Crunch Intensifies

Oct 19, 2021 at 13:05 | Tsvetana Paraskova

The energy crisis amid a coal shortage in China has worsened because of colder weather in recent days, sending the key local coal futures contract to a new record high…

UK To Put Nuclear Reactors

UK To Put Nuclear Reactors "At The Heart" Of Its Decarbonization Strategy

Oct 19, 2021 at 12:48 | ZeroHedge

The United Kingdom could be ready to officially put nuclear power back on the map. That's because UK ministers are planning on putting nuclear power "at the heart of Britain’s…

Biden’s $3.5 Trillion Clean Energy Plan Takes Flak From Democrats

Biden’s $3.5 Trillion Clean Energy Plan Takes Flak From Democrats

Oct 19, 2021 at 10:51 | Charles Kennedy

President Joe Biden’s $3.5-trillion spending plan was thrown into doubt after Joe Manchin, a Democratic Senator of West Virginia, opposed the clean electricity part of the program and the penalization…

Japan Asks OPEC For More Oil

Japan Asks OPEC For More Oil

Oct 19, 2021 at 09:26 | Irina Slav

Japan has approached OPEC producers and their partners in OPEC+ with a request for more output, Kyodo News reported this week, citing industry minister Koichi Hagiuda. The minister said…

Largest U.S. Coal Miner Sees 17% Share Price Surge

Largest U.S. Coal Miner Sees 17% Share Price Surge

Oct 19, 2021 at 08:48 | Julianne Geiger

The surge in worldwide energy prices has triggered a spike in coal usage—which has in turn improved the bottom line of the largest coal miner in the United States. Third-quarter…

China’s Coal And Power Crisis Hits Global Economy

China’s Coal And Power Crisis Hits Global Economy

Oct 18, 2021 at 16:17 | Tsvetana Paraskova

Surging coal prices and power shortages in China slowed the growth of the world’s second-largest economy in the third quarter and threaten to spill over to the global supply chains…

Saudi Arabia Looks To Attract Tourists With ‘Epic’ Offshore Rig Thrills  

Saudi Arabia Looks To Attract Tourists With ‘Epic’ Offshore Rig Thrills  

Oct 18, 2021 at 15:48 | Charles Kennedy

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), unveiled this weekend its latest project to attract tourists to the country by offering “epic adventures” in a park,…

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